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International Business Times
International Business Times
Business

US Fed Official Urges Caution But Says Could Back October Cut

The Federal Reserve will publish its next interest rate decision on October 29 (Credit: AFP)

A senior member of the US Federal Reserve on Friday indicated he could back another interest rate cut later this month, while urging a meeting-by-meeting approach going forward.

"I could support a path with an additional reduction in the policy rate," St. Louis Fed President Alberto Musalem said during a conference in Washington, which was streamed online.

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